Yesterday, many people were still lamenting that the market was not booming. However, this morning, the price of Bitcoin broke through 97,000 and is about to return to the 100,000 mark.

Today's Bitcoin market is the result of two major positive factors:

First, New Hampshire passed the Bitcoin Reserve Act, which is considered to be fully passed and is waiting for execution~

Arizona’s Bitcoin bill had already passed the legislature, but was vetoed by the Democratic governor.

But this time, New Hampshire has a Republican governor, and the governor signed the bill right after the legislature passed it.

The whole process is done in one go, without any delay~

Since then, the US states have been competing to pass Bitcoin bills, and New Hampshire was the first to pass it.

The New Hampshire Treasurer will invest up to 5% of state funds in precious metals and cryptocurrencies with a market value of at least $500 billion. Based on Hampshire's total budget of $15.4 billion, 5% is about $770 million, and based on the general fund of $5.6 billion, 5% is about $280 million. Therefore, the potential investment amount is between $280 million and $770 million.

Although the combined buying power of various U.S. states that are applying for Bitcoin reserves is less than $50 billion, it does not seem to be a lot.

But this will set a precedent for the whole world, inspiring the United States to pay for the Federal Bitcoin Reserve Act, not to mention other small countries in Europe, Asia, Africa and Latin America.

The passage of the Bitcoin Reserve Act is just the first positive news today.

The time when Bitcoin price really took off today corresponds to the start of the Sino-US trade war negotiations~

(I'm showing Eastern Time)

You have to know that those who promote world chaos and are eager for war have no assets.

People who have some money, whether they hold Bitcoin, stocks, or U.S. bonds, all hope for world peace and economic prosperity.

While China and the United States started negotiations, another demographically wealthy country, India, started a war with Pakistan.

According to the latest news, India launched air strikes on at least 24 targets in Pakistan, and Pakistan claimed that it had shot down 6 Indian fighter jets!!!

After such a comparison, the United States should not think about moving its industrial chain elsewhere; it is better for it to stay in China.

The third positive news is that the Federal Reserve may end its deflationary monetary policy and start flooding the market with money.

Although the possibility of a rate cut in May is not very high, the Federal Reserve has subscribed to more than 20 billion of the more than 100 billion U.S. Treasury bonds just issued.

Some time ago, Trump publicly called on the Federal Reserve to cut interest rates and print money, but Powell was still pretending to be serious and said no. In secret, the two had already been flirting with each other and started having sex on the printing press.

The U.S. federal government has an annual revenue of $4 trillion, a deficit of $2 trillion, and interest on U.S. debt of $1 trillion.

Given the current financial situation, if the Federal Reserve does not cut interest rates in the second half of the year, the federal government will really not be able to pay even the interest.

To sum up, there will be three major benefits in the second half of the year:

1. The reserve bill led by the United States to use real money to buy Bitcoin will spread to the whole world. Buy early and build a position early. Buy late and you will only be a receiver~

2. China and the United States have started trade negotiations. Although there will still be a new order in international trade, at least it will not be as chaotic as it was in April. To be honest, as long as China and the United States have a good negotiation, it doesn’t matter what happens to other countries.

3. The United States has no other choice but to continue printing money, and the Federal Reserve can only flood the market with money.

In this case, it is not too much to expect Bitcoin to reach 150,000 US dollars before the end of the year, right?